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Swampscott 01907
55 Lewis Rd.
$555,000
● House - Off Market

55 Lewis Rd.

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,162 Ft²
$560,862
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Spacious 3 bedroom 2 bath ranch close to schools, public transportation, and the ocean.  Private backyard with a deck that is accessible from the family room.  Many updates including a new oil burner that was installed on 1/28/2022,  new roof in 2020, A/C system in 2021, newer oil tank, and French drain in 2016, and brand new microwave oven.  Living area does not include space in the basement which is currently being used as a den.  Sellers need to close by May 2.
Unit Size
2,162 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$254
Property Type
House
Property Taxes
$632
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72937147)

Price History

Date / Event Date Event Price
Aug 24, 2022 Sold
Premium
Sold
Apr 28, 2022 Sold
Premium
Sold
Jan 26, 2022 Listed by Coldwell Banker Realty - Marblehead $550,000
Listed by Coldwell Banker Realty - Marblehead
Nov 2, 2005 Sold
Premium
Sold
Apr 16, 2005 Listed by Coldwell Banker Realty - Marblehead $479,900
Listed by Coldwell Banker Realty - Marblehead
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,248
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,536
  • Total Building Area: 1,663
  • Gross Building Area: 3,115
  • Building Area: 1,663
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,663
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EXTENSION LEWIS ROAD
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District
  • School Tax School District: SWAMPSCOTT SD
  • Census Tract: 202200

Zoning

  • Zoning: A2

Geography

  • Parcel: SWAM M:0023 B:0082 L:0
  • Block: 82
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4713
  • Longitude: -70.9006

    Address

  • Full Address: 55 Lewis Rd
  • Address - House Number: 55
  • Address - Street Name: Lewis
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C003
  • 4-Digit Zip Code: 2328
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $663,800

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 765,812
  • High Value: 899,663
  • Low Value: 631,962

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $565,400
  • Assessed Land Value: $319,700
  • Assessed Improvements Value: $245,700

    Sales

  • Current Sale Contract Date: Aug 24, 2022
  • Current Sale Recording Date: Aug 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 279
  • Previous Sale Recording Date: Apr 28, 2022
  • Previous Sale Contract Date: Apr 27, 2022
  • Previous Sale Amount: $555,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Swampscott

Stats & Trends

Median Asking:

$749,995

Sale Price/ft²

$435

Below Asking

0.02%

Average Days on Market

58

Average Home Size

3028 ft²

Average Home Age

98.2 years

Currently For Sale

47 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72937147

Frequently Asked Questions

When was property at 55 Lewis Road built and last sold?
The property at 55 Lewis Road was built in 1950 and last sold on Aug 24, 2022 for $889,000.
How much is this home worth?
The estimated value of the home located at 55 Lewis Road is $578,526.
What are some comparable homes to 55 Lewis Road?
There are currently no comparable homes to 55 Lewis Road.
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